Q2 Holdings, Inc. Announces the Upsizing and Pricing of Follow-on Offering of Common Stock
Q2 Holdings, Inc. (NYSE:QTWO) , a provider of secure, cloud-based virtual banking solutions, today announced the upsizing and pricing of its follow-on public offering. The size of the offering has been increased from the previously announced 4,559,156 shares to 5,122,353 shares at a price to the public of $19.75 per share. Q2 is selling 1,500,000 shares of common stock and certain existing stockholders of Q2 are selling 3,622,353 shares of common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase from Q2 and the selling stockholders up to an additional 768,352 shares of common stock, on the same terms and conditions. Q2 will not receive any proceeds from the sale of the shares by the selling stockholders.
J.P. Morgan, Morgan Stanley and Stifel are serving as joint book-running managers for the offering with Raymond James, Canaccord Genuity and Needham & Company acting as co-managers.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from J.P. Morgan Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by telephone at (866) 718-1649; or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Dept., One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone at (415) 364-2720.
Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2 solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities.
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